Narendra Modi Is Too Old For Modern-Day India

Some believe, or fear, that Modi is so powerful that he is a shoo-in for a second term in 2019. But a year in office has made it apparent that Modi’s mind is too old for the composite mind of India. In 2014, a youth wave voted Modi into power. It does not seem impossible […]

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Will the World Ever Boom Again?

The problem is that China’s recent slowdown from 10 percent annual growth to about 7 percent is only the beginning. The recent drops in housing and stock prices are harbingers of a further economic moderation. That is inevitable, since no country can grow at a breakneck pace forever. And with the slowing of China, Brazil […]

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China May Tip World Into Recession

Forget about all the shoes, toys and other exports. China may soon have another thing to offer the world: a recession. That is the prediction from Ruchir Sharma, head of emerging markets at Morgan Stanley Investment Management, who says a continuation of China’s slowdown in the next years may drag global economic growth below 2 percent, […]

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A New Bank, BRIC By BRIC; India To Preside

Leaders of the Brazil, Russia, India, China and South Africa — all emerging market nations — launch a $100 billion development bank and a currency reserve pool in their first concrete step toward reshaping the Western-dominated international financial system. The bank, aimed at funding infrastructure projects in developing nations will be based in Shanghai and […]

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Globalization Reversing?

Is globalization running out of steam? A new study shows that cross-border investment and trade flows declined worldwide in 2012, ending a two-year recovery after the global financial crisis. Read Here – BusinessWeek See the study here

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